Avoid Ashok Leyland, says Baliga

"Among IVRCL Infra and Ashok Leyland, IVRCL would be a better choice but there are many more companies in that sector, which are much better. In fact I would prefer a stock like GMR or a Punj Lloyd. Ashok Leyland from an excise cut angle there could be some interest but for this sector to come out from where it is right now, I think it will take at least 3-4 quarters minimum. So at this point of time one can ignore a stock like Ashok Leyland."